Industry

Pharma

AAA Auto says it plans 2007 initial public offering

AAA Auto AS, the largest second-hand car dealership in central Europe, said it plans to sell shares to the public...

Deals

Gazprom grabs Sakhalin gas stake

State-owned Russian energy giant Gazprom has wrested control of a massive oil and gas field from Anglo-Dutch rival Shell....

Automotive

Toyota set to overtake GM in 2007

Toyota Motor Corp. expects to produce a record 9.42 million vehicles next year, a 4% rise that should take it...

Deals

GVH fines Allianz Hungária and partners

Hungary's Competition Office (GVH) on Thursday announced it had fined insurance company Allianz Hungária and its partners a combined Ft...

Deals

Gazprom may revise blue stream tract

Russian energy giant Gazprom signed a statement of intent with Serbia earlier this week to build 400 kilometers of natural...

Retail

Actavis may move Bulgarian pharmacy franchise into new markets

Actavis Group hf, the Icelandic generic-drug maker, may expand its Bulgarian pharmacy franchise, Pharma Expert, to other European countries to...

Deals

Parliament approves 2007 budget act

Hungary's Parliament approved the 2007 Budget Act in a final vote with a 208 vote and 163 against with no...

Pharma

Fiat, Severstal agree venture to make diesel engines Russia

Fiat SpA, Italy's largest manufacturer, agreed to form a joint venture with OAO Severstal- Avto to make diesel engines in...

Automotive

Hungary’s October retail sales up 2.3% yr/yr, down 0.1 m/m

Retail sales in Hungary increased a calendar year-adjusted 2.3% year on year in October, after rising 4.5% in September, the...

Deals

MKB Bank sets up insurance companies

Hungary's MKB Bank and Germany's Bayern LB and Versicherungskammer Bayern (VKB) are setting up a life insurance company and a...

Deals

Credit Suisse manager freed from Romanian jail during probe

A Romanian court freed a Credit Suisse Group manager after he spent three weeks in jail while authorities investigate alleged...

Deals

Gold prices gained in New York, rises in London – Extended

Gold rose for a third straight day in London, in New York climbed the most this month after a drop...

Deals

Hungarian Egis says new law may cut profit by Ft 3-8 bln

Hungarian drug producer Egis estimates that a recent law on drug subsidies may cut its profit by Ft 3 billion...

Deals

Kopint-Datorg projects GDP growth of 2.8% in 2007

Kopint-Datorg expects Hungary's economy to expand 2.8% in 2007 and consumer prices to rise 6.4%, the economic think tank said...

Transport

EU to tackle aircraft emissions

Europe's airlines are expected to have limits set on the amount of greenhouse gases which they can emit....

Pharma

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Pharma

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Hungary Retail Sales Rise 4.3% in September as Non-Food Spending Leads Growth

Hungary’s retail sales volume rose 4.3% year-on-year in September 2026, driven by growth in non-food and automotive fuel sales, according...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...